Saudi Arabia - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Crustaceans Price in Saudi Arabia - 2021
Contents:
- Frozen Crustaceans Price in Saudi Arabia (FOB) - 2022
- Frozen Crustaceans Price in Saudi Arabia (CIF) - 2022
- Frozen Crustaceans Exports in Saudi Arabia
- Frozen Crustaceans Imports in Saudi Arabia
Frozen Crustaceans Price in Saudi Arabia (FOB) - 2022
In 2020, the average frozen crustaceans export price amounted to $6,593 per ton, with an increase of 19% against the previous year. In general, the export price, however, showed a mild reduction. The most prominent rate of growth was recorded in 2016 an increase of 97%. The export price peaked at $7,669 per ton in 2012; however, from 2013 to 2020, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($2,386 per ton), while the average price for exports to South Korea ($1,589 per ton) was amongst the lowest.
From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+9.9%), while the prices for the other major destinations experienced a decline.
Frozen Crustaceans Price in Saudi Arabia (CIF) - 2022
The average frozen crustaceans import price stood at $7,913 per ton in 2020, declining by -2.4% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +5.5%. The most prominent rate of growth was recorded in 2014 an increase of 31% against the previous year. Over the period under review, average import prices reached the peak figure at $8,105 per ton in 2019, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($22,850 per ton), while the price for Myanmar stood at $6,057 per ton.
From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Crustaceans Exports in Saudi Arabia
Frozen crustaceans exports from Saudi Arabia fell to 17K tons in 2022, reducing by -13% compared with the year before. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year.
In value terms, frozen crustaceans exports shrank to $99M in 2022. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 13% against the previous year.
| Export of Frozen Crustaceans in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| China | 9.3 | 4.4 | -52.7% | ||
| United States | 0.3 | 2.5 | 733.3% | ||
| Egypt | 0.6 | 2.0 | 233.3% | ||
| Taiwan (Chinese) | 0.1 | 0.3 | 200.0% | ||
| Vietnam | N/A | 0.3 | 0% | ||
| South Korea | 0.4 | 0.3 | -25.0% | ||
| Spain | 0.4 | 0.3 | -25.0% | ||
| Others | 106 | 82.8 | -21.9% | ||
| Total | 117 | 92.9 | -20.6% | ||
Top Export Markets for Frozen Crustaceans from Saudi Arabia in 2022:
- China (2.8K tons)
- United States (1.2K tons)
- Egypt (0.9K tons)
- South Korea (0.2K tons)
- Spain (0.2K tons)
- Taiwan (Chinese) (0.1K tons)
- Vietnam (0.1K tons)
Frozen Crustaceans Imports in Saudi Arabia
In 2022, purchases abroad of frozen crustaceans was finally on the rise to reach 8.2K tons after two years of decline. In general, imports, however, showed a abrupt downturn.
In value terms, frozen crustaceans imports surged to $63M in 2022. Over the period under review, imports, however, faced a abrupt contraction.
| Import of Frozen Crustaceans in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Myanmar | 0.2 | 7.5 | 3650.0% | ||
| China | 19.9 | N/A | 0% | ||
| India | 3.9 | N/A | 0% | ||
| United Arab Emirates | 56.3 | N/A | 0% | ||
| Bahrain | 17.3 | N/A | 0% | ||
| Others | 0.1 | 69.6 | 69500.0% | ||
| Total | 97.7 | 77.1 | -21.1% | ||
Top Suppliers of Frozen Crustaceans to Saudi Arabia in 2022:
- Myanmar (1.2K tons)
This report provides an in-depth analysis of the frozen crustaceans market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
Country coverage:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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